Boston Partners Sells 1,394,714 Shares of The Mosaic Company (NYSE:MOS)

Boston Partners decreased its stake in The Mosaic Company (NYSE:MOS) by 19.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,611,286 shares of the basic materials company’s stock after selling 1,394,714 shares during the period. Boston Partners’ holdings in Mosaic were worth $137,970,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Brooklyn Investment Group increased its stake in shares of Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 587 shares in the last quarter. R Squared Ltd purchased a new position in shares of Mosaic in the fourth quarter worth about $33,000. Tobam purchased a new position in shares of Mosaic in the fourth quarter worth about $38,000. Heck Capital Advisors LLC purchased a new position in shares of Mosaic in the fourth quarter worth about $41,000. Finally, Larson Financial Group LLC increased its stake in shares of Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,809 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MOS. Mizuho reduced their target price on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group began coverage on shares of Mosaic in a research note on Thursday, March 13th. They set a “buy” rating and a $31.00 price objective for the company. Oppenheimer began coverage on shares of Mosaic in a research note on Thursday, December 12th. They set a “market perform” rating for the company. Piper Sandler boosted their price objective on shares of Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Finally, Barclays raised shares of Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 price objective for the company in a research note on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.64.

Mosaic Price Performance

MOS stock opened at $27.18 on Wednesday. The stock has a market cap of $8.61 billion, a PE ratio of 24.05, a P/E/G ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The Mosaic Company has a one year low of $22.48 and a one year high of $33.44. The firm has a 50 day simple moving average of $26.34 and a two-hundred day simple moving average of $26.15.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.24%. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s payout ratio is presently 160.00%.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.